What is program period in SAP PA-EC - Enterprise Compensation Management?

SAP Term: program period

• Component: PA-EC

• Component Name: Enterprise Compensation Management

• Description: The part of the evaluation period during which a compensation plan is within the employee's program. If the program period is shorter than the evaluation period, the guideline values may be prorated.

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• Key Concepts: 
  Program period is a term used in SAP Enterprise Compensation Management (PA-EC). It is a period of time during which a program is active and can be used to manage compensation. It is typically used to define the duration of a program, such as a bonus or incentive program. 
  
  How to use it: 
  Program periods are created in the SAP system and can be used to define the start and end dates of a program. This allows users to easily track the progress of a program and ensure that all compensation is paid out on time. Additionally, program periods can be used to set up different rules for different programs, such as eligibility criteria or payment schedules. 
  
  Tips & Tricks: 
  When creating a program period, it is important to ensure that the start and end dates are accurate. This will help ensure that all compensation is paid out on time and that no payments are missed. Additionally, it is important to ensure that all eligibility criteria are clearly defined so that employees are aware of what they need to do in order to receive their compensation. 
  
  Related Information: 
  For more information on SAP Enterprise Compensation Management (PA-EC), please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed information on how to use this system.